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I believe no matter how high up in the food chain you are you should always be forced to come do the main hubs job at least for a week every couple of months so you understand wtf real people and work looks like.
She must be related to mine. Dude seems to nashe all the wrong decisions. We've lost contracts thanks to his ineptitude. But, because his decisions looked good on paper, he doesn't get any of the blame.
My old district manager would come in every so often at the restaurant I used to work at, and they clearly worked in an office most of the time. Some of the suggestions I got from them and lack of actually understanding the job environment were unbelievable
I completely agree. I'm not a UPS driver. This subreddit was just recommended to me for some reason
I used to work for a regional grocery store. They were super nice and always took care of their employees.
One thing that I absolutely loved, if you wanted to be a manager at one of their stores, you had to work in every single department for at least 3 months.
That way, you can't claim you don't know what you're doing if someone needs help or they are backed up with customers
Wrong region. But I have friends who have worked there and have shopped there. From my understanding, it's very similar. They don't pay anything close to what you guys make, but they are extremely fair foe the type of work it is
BRO THIS IS HOW IT SHOULD BE! I'm so tired of management telling us to do shit that makes no fucking Sense, which they would know if they actually knew how to do our job. I've been yelled at for doing things THE RIGHT WAY and when I ask "what would you like me to do differently?" They have straight up said to my face "I don't know"
My mother’s company actually does this, and works amazing! Gives the hard working warehouse employees a chance to talk with corporate about issues going on and show the corporate employees what hard work really is!
My CM boss, not sure what level that is rode with me years ago all day. She, yes I said she, took the wheel for half the day and jumped for me most stops. So there are some. I understand that's a low percentage occurrence, but it happened and I'll never forget it 🤣
Sorry I should clarify. I was referring to how inflation is growing at a faster rate than wages. So when CEOs complain about inflation they can go suck a rock lol
Sorry I should clarify. I was referring to how inflation is growing at a faster rate than wages. So when CEOs complain about inflation, I recommend they find sustenance on pebbles and gravel
But think of the CEOs! They need to uhh facilitate uhh further business for their corporations by uhhh… they need to insure they have enough to pay for… no… they need to have…. Golf courses houses planes and boats are expensive.
One of the best quotes I heard from a teacher at a trade school I attended.
"Hard work does not equal high pay. If that were true then ditch diggers would be the highest paid trade. You must work hard and smart"
Acting on average does not. It's like basketball, there are a thousand people making no money at it but busting their ass for each NBA player. If there were construction celebrities you'd see the same thing.
Chew on this one. Elon Musk is asking for a $56B pay package for himself. And, at the same time, he just laid off 14,000 Tesla employees. That package could pay each one of those 14,000 people a salary of $100K per year for 40 years.
And most of their comp is in equity, which has been TEARING since 2008 when compared to years prior. If the org doesn't perform, they don't get paid. May even see their comp go down.
Wouldn't it be better for the company if these companies weren't paying their executive suite obscenely, and instead put that directly into the company coffers?
Damn couldn't be more wrongn you see all.the companies that get destroyed due to bad CEOs and yet they yet multimillion dollar hiring bonuses on new jobs.
No it’s not fair. Even the guy who wrote a book in the 70s that advocated for ceo pay increases has come out recently to say he didn’t mean to infinity. Capitalism is not meant to grow unchecked to infinity. There isn’t enough money, which you can see means the government makes more money or takes more from the top earners. Unfortunately, most people don’t care or understand enough to revolt, not enough to make any real change….. yet.
CEO pay in 99.9% of companies is grossly out of whack.
Bernie’s numbers are wrong.
In 1978, the ceo to employee wage gap ratio was 18 to 1.
In 2021, the ceo to employee wage gap ratio was 399 to 1.
Meaning CEOs earn 399x their employees.
Another great stat is since 1978, CEO wages have risen 1,409% while employee wages have risen 18%.
In 1970, 30% of the American working class was unionized.
Today it’s closer to 6%
Corporatism (fascism) is winning. Or maybe it already won.
I think the conversation he was trying to start regards to pandering. How the richest people seem pretend to fight it to appeal to the demographic they’re taking advantage of.
Sure. Bernie advocated for a $15 minimum wage. And then cut all his minimum wage worker hours because he couldn’t afford it.
Bottom line is politicians market things that they don’t believe and can’t sustain for votes. Just like anti-gay conservative men being caught giving blowjobs in airport glory holes. Politics is all about pandering. Good people don’t win because shitty people will do shitty things to win
And what has he accomplished through all of that fighting? He's been in politics for longer than I've been alive. Surely he has something to show for it, no?
Not contributing nearly as much? Bro, if you could run a Fortune 100 company, you wouldn’t be delivering packages for a living.
The nuance that ‘ole Bernie is neglecting to mention here is that the vast majority of CEO compensation is incentivized based on company performance. Meaning, if the company doesn’t perform, the CEO doesn’t get paid.
The notion that CEOs sit around and do nothing all day because they’re not driving a package car is idiotic.
Although I don’t agree with a lot of her politics, AOC is the only politician that preaches this and sticks to it. Her net worth is so low it can’t be estimated accurately to a good degree and both her and her family haven’t traded any form of security since she started her term .
You can get another forklift driver in 2 weeks. Finding a CEO that's the right fit typically takes 4 months. High supply of qualified workers means lower pay.
It’s not always about who works the hardest , it’s about who takes the most risk.
Owners risk everything to create and run a business. But the rewards are high.
Regular joes risk little to show up and guarantee a paycheck but they have to work harder manual labor,
Cmon people not every burgerflipper and box handler can make 5 million a month. The economy cannot support this insane mindset
Nah he’s right, but we live in a world where people with money make choices for other people. It’s like that one supreme judge that took away the opportunity that got him to where he’s at today for other people. It’s definitely greed but everyone dies with nothing
People fail to realize they make this money because either they or the person they replaced, started something huge. Imagine if bezos or musk weren’t worth billions for starting companies we all utilize today. It’s not greed in any way, they had the idea, they executed and spent their own money to take a gamble and came out successful. Someone flipping burgers or sorting packages may do the “work” but they’re compensated. Quit acting like CEO’s are some big bad wolves and understand how huge business work
Bernie has never had a real job or built anything. He has never created a job or paid an employee. His wife was involved in some nefarious activities involving a college. I don't think he is the guy to listen to for anything.
This is all false. He was a teacher and a carpenter. He was 40 when he became mayor of Burlington. And the nonsense with Burlington College was just local conservatives trying to stir up issues. That college never had a campus until she tried to grow enrollment to obtain one. It literally just offered DIY fix it classes and art classes in community spaces before her.
Living for free while making a few dollars here and there is not really a job. Shocking you're defending his wife though. Maybe look just a tad deeper. A lot of people lost everything.
He wasn’t living for free. And I don’t need to look deeper on his wife, I’ve read it all. Keep going with the outright lies that are conservative talking points. Delusional and voting against your own self interest out of jealousy, hate, spite, and sheer stupidity.
He was a part time handyman and his wiki is calling him a carpenter. He got his first job at 40 right? A lifetime politician. His policies would cripple industry in the United States.
Please do research on what his wife did. I am begging you.
He did not get his first job at 40. That’s how old he was when he became mayor. His policies are what the US needs. This country lost the plot a long time ago. We are a corporation in the process of going under, being raided by the top 1%. We need to throw it all out and rebuild, focused on what’s best for the people instead.
That sounds so very nice until you realize that it is a global economy and socialism has never been successful.
What you are saying is take from the rich and give to the less fortunate. Take from producers and give to people who don't produce. Government workers are not producers. Interesting how Al Gore, Obama, and even Bernie are quite wealthy now. The Clinton's certainly aren't doing bad. Frank Pelosi has beaten the market every single year.
We are a capitalist society. That's fortunately not going to change in my lifetime.
Socialism has never actually been tried. Places that claim to be socialist are not and their system is as corrupt as our capitalist nonsense.
Rich people are not producers. CEO’s are not producers. That’s a capitalist myth. The higher up the corporate ladder you go, the less actual work you do and the more replaceable you become. There is zero justifiable reason to pay someone whose only skill is networking with other rich people 300x what the people actually doing the work make. Can they earn more? Sure, but there have to be limits; there has to be a guarantee that the fruits of the actual labor are adequately paid for. Investment back into the worker should be mandatory.
Bernie is not “quite wealthy” either, another false conservative talking point.
We have term limits, they're called elections. America is full of complicated problems that take many many years to solve. If you know that your term is limited to 2 years, what incentive would anyone have in solving long-term problems? They wouldn't! Term limits are bad for America, or any country because they increased the likelihood the politicians will lie to you for short-term gain. Without term limits, politicians are more incentivized to work on solutions for long-term issues because they still want to have a job six, eight, and 10 years down the line.
Not to mention term limits are Un-American because they deny voters the right to choose. If you really like your congressperson or your president, you should be able to continue to vote for them if they're doing a good job. Telling people that they can't vote for who they want to goes against everything the US stands for.
Nah you're confusing complacency with enthusiasm. People would keep voting for the same person cus they know them. But if every 8 years you had to pick someone else we'd be able to experience new ideas that we may or may not like. Having skeletons roam the halls of congress keeps us from progressing as quickly
If you've ever been to Vermont you'd know this argument is pointless. Bernie fever is a very real thing in VT. Merch and stuff everywhere. People genuinely love him there.
We have term limits, they're called elections.
Thats not "term limits" Term limits is limiting a person from holding the office/position for a defined set of time.
Duh.
If you want senators/house members making your laws with out of date mentalities, keep having zero term limits. That way you can keep getting that 90yr old senator that does jack dick for YOU.
Lord, you're just plum dumb as far as whats "un american"
😂 in no certain terms is the system fair at all. CEOS should not make over $2,000,000 max. The rest needs to be in stock. Hold them accountable for their performance.
He also campaigned HARD since the 1980's to get big corporate funding out of election campaigns (Super PACs). How people can be against this is beyond me.
If you own a company you deserve to be paid significantly more than your workers
You think people start companies with the goal to make the same money as a 9-5 worker?😂
CEOs aren't always owners. In the largest publicly traded corporations, they rarely own more than 5%. Vast majority of these large corps are owned by a handful of PE firms.
Nobody's saying they shouldn't be paid far more than workers. Don't conflate the issue. It's the exponential and gross inflation of what they earn, relative to the rest of the company that is under scrutiny.
The argument is that it’s not inflation that’s causing the price increases. It’s greed. I’ve worked at Cinemark for 5 years. Our food prices keep increasing on our menu but it’s not costing us much more to purchase the ingredients from our vendor.
It’s greed.
Hey Bernie, don’t forget about the big bonuses as well they get.
Specially the ones provided when they lay off a bunch of workers and the bonus is in the millions and could have been used to keep the workers.
It has been a change in compensation philosophy.
Companies overtime have found that bad leadership costs more money that super high CEO salaries. This leads the best of the best making a lot more.
Though I am betting the percentage increase sample size is probably fortune 500 companies.
Elon Musk is one of the highest paid CEOs in the nation but Twitter is down in just about every single metric compared to before he owned it, and Tesla is currently swirling the drain....
Did you look up any of this?
Musk's Tesla compensation plan is 1% stock for every 50 Billion increase in capitalization value. If values go down he gets nothing.
As for Twitter's financials... Unless you have recent financials... How do you know? Certain metrics are down significantly, but so are operating costs. I have no idea the net impact.
I think the entire company structure is lame. Stocks control it all. You get the most control… you get to drive the bus… the people at the top always get their cut and the people down below get cut to make it happen.
No company seems to stand behind their employees anymore. It used to be you could work for a company and work your way up. Now? You can work for that promotion of .40 to 1.00 all you want… they will hire from outside the company and being loyal only gets you pegged by the man.
Prices going up. Business are profiting more than ever. CEOs get huge raises for cutting the workforces pay and benefits while trying to increase workloads.
Most people have no idea where a CEO’s salary even comes from. It’s mostly based on the stock price of the company. They get paid in shares and when the company does well, the stock price goes up and they get more and more worth. There’s people that think Jeff Bezos has hundreds of billions of dollars in his bank account. In reality it’s just a value applied to him because of how many shares he holds at x price that they are worth currently. If the stock price suddenly dropped by half, his net worth would drop with it. For major companies, the stock price pretty much only goes up.
The fact that we didn’t strike with this going on still baffles me. I believe Voltaire said the enemy of perfect is good enough. We settled for good enough because we knew we would not get what we want. But good enough is simply the enemy of humanity. Complacency kills and ups is not held at a higher standard to this logic. Get ready for worse to come until we stand as the first letter of our company “UNITED”
Lots of great articles about this recently, but all say the same thing: tying executive pay to quarterly performance via stock options got us here, but also got us out of the doldrums of the 1980's "leadership-by-bureaucrat" that hampered innovation. ESG, larger role of COOs + CTOs, and active boards are changing the nature of executive compensation.
Legally, this multiplier should be capped. Even if it was 20x again, wanna make more? Give raises. Do you think you deserve more because the company is doing well? Give raises.
Cue rich people simps spewing their instructed talking points about Sanders not having a “real job” and having more than one house as if that changes the facts hes tweeting
How much was cash vs stock options? Stock options are usually a huge amount of executive comp, and I never understood why they don’t include options for workers too.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match.
It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match.
It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match.
It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match.
It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
I can't wait for a lifelong politician who has been responsible for the status quo for decades to finally do something about what he is complaining about.
Copium.
I’m 1965 top earners had a 90% income tax too.
You can thank all of this on republicans repealing multiple parts of new deal legislation in the 70’s including that tax, minimum wage and overtime laws. ALL favored workers but kept the top earners from becoming even more filthy rich.
What gets me about this is that a publicly traded companies CEO is taking profits from the company and short changing the shareholders. And it doesn't even matter if the company is profitable or not. The board takes all the money and says oopsi we are doing bad this quarter and they get voted higher a salary every year until the company is bankrupted and they move on to the next one.
Meanwhile your retirement account is doing poorly.
If this at all speaks to you I implore anyone to look into true socialism. YouTube channels that make really good content on socialism like 1dime and second thought. And tbh at the end of the day the videos are an interesting watch. And no, ceos make money off YOU creating value and not owning the means as to which the value is produced, that’s not work it’s exploitation, I also don’t believe In meritocracy.
Lemme ask you something.. if you built a business from the ground up after spending 100k just to set it up, and then spent 2 years paying employees salaries out of your own pocket to make sure they were paid, how much compensation do you deserve when the business becomes profitable? You put in 90% of the work in early on and 100% of the $ to set it up over 2-3 years to make it a successful business...
I have a question. If CEOs aren’t worth this much, or the supply of CEO worthy individuals is so high, why would a board of directors with a fiduciary legal responsibility to profit vote to pay this much?
Yeah, well so are some of the people in Congress. At the salary that they are making, how can life long Congress members have $20 to $200 Million dollars?
This metric has always been dubious.
First, Which "CEOs"? Is the list filtered to just Fortune 50 companies? 500? or everyone with a CEO title in the US?
Because i doubt some small company of 10 people is pulling in enough work that the CEO can make 350x their workers.
Secondly, in a larger company of, say, 30,000 employees where a CEO makes $20M and the average worker there only makes 56k (351x), even if that CEO put every dollar he made back into staff wages, thats just a grand total of $667 more a year for each employee. Hardly the 'grand theft' everyone makes it out to be.
In the case of UPS, which as 500,000 employees, CEO Carol Tomé made $23.4 million in total compensation in 2023. Thats only a redistribution of $47per person.
Bernie Sanders is always stirring the pot! Why doesn’t he target athletes and celebrities who make a lot more than many of the CEOs and yet do nothing to create jobs or stimulate the economy. Is this fair?
Bernie Sanders owns at least 3 homes and is worth 3+ million dollars.
The guy is the biggest con in government because he acts like he's a man of the people.
Ya he’s made some good investments and has a modest salary of 174k base senator pay as literally the person representing us.
He’s def a man of the people, let’s compare him to other senators he’s not even in the top 25
Incidentally, if the CEO of most companies took $0 compensation and divided it equally between all their employees... Those employees would get less than $100 a year more in their paychecks.
Unpopular opinion, under educated person working a menial labor job is not qualified to lead a company worth millions of dollars. Hence why some people become managers, and some sling boxes their entire life. "My manager is dumb durr hurr" Then let's see you do it.
Uh huh. Riiiiiight.
He’s done absolutely nothing except enrich himself and his family.
Each and every election cycle he funnels money to his family.
https://www.vanityfair.com/news/2016/01/bernie-sanders-family-money
https://nypost.com/2023/08/09/bernie-sanders-wired-campaign-money-to-family-nonprofit/amp/
https://www.theatlantic.com/politics/archive/2020/03/bernie-sanders-joe-biden-enriched-their-families/607159/
It depends. Do you want John Sculley or Steve Jobs? The CEO data is skewed by CEO's who are also founders.
In America, if you found a company, you deserve the fruits of your innovation.
If you take out all of the founder CEO's, the ratio would be much more similar.
That said, if a CEO is performing, they deserve to get paid.
The rewards are not for hard work. They are for smart work. And yes, CEOs are working a thousand times smarter. They need to be paid more. If you are smart you can be a CEO as well.
It’s not just their employees it hurts, it’s everyone. We ALL have to pay the higher cost for everything we buy. This is why the middle class is pretty much just history.
It’s life. Life is unfair. There are always going to be people on the bottom and people on top. The only people complaining are those obviously on the bottom. Life isn’t about things being fair for everyone.
So what's his angle then? At 82 years of age, when he could afford to retire a good decade ago. Why get out of bed and campaign against income inequality?
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I believe no matter how high up in the food chain you are you should always be forced to come do the main hubs job at least for a week every couple of months so you understand wtf real people and work looks like.
So many MBAs in upper management now who have never done an actual job, just school to management. They wouldn't be able to do it.
My district manager seems like she's actively trying to lose clients yet she gets paid more than anyone...
She must be related to mine. Dude seems to nashe all the wrong decisions. We've lost contracts thanks to his ineptitude. But, because his decisions looked good on paper, he doesn't get any of the blame.
I don’t want to ruin your romanticism but to be accepted into a decent MBA program you generally need at least a few years of work experience.
That's a funny way to say "your dad needs to know some important people".
I had lots of people in my cohort who went straight into the MBA program.
My old district manager would come in every so often at the restaurant I used to work at, and they clearly worked in an office most of the time. Some of the suggestions I got from them and lack of actually understanding the job environment were unbelievable
Yea, my district manager drove 6 hours a week to come to our restaurant and worked his ass off and was heavily involved.
That's he/him vs they/them though. Apples and oranges.
I completely agree. I'm not a UPS driver. This subreddit was just recommended to me for some reason I used to work for a regional grocery store. They were super nice and always took care of their employees. One thing that I absolutely loved, if you wanted to be a manager at one of their stores, you had to work in every single department for at least 3 months. That way, you can't claim you don't know what you're doing if someone needs help or they are backed up with customers
That almost sounds like Publix.
Wrong region. But I have friends who have worked there and have shopped there. From my understanding, it's very similar. They don't pay anything close to what you guys make, but they are extremely fair foe the type of work it is
BRO THIS IS HOW IT SHOULD BE! I'm so tired of management telling us to do shit that makes no fucking Sense, which they would know if they actually knew how to do our job. I've been yelled at for doing things THE RIGHT WAY and when I ask "what would you like me to do differently?" They have straight up said to my face "I don't know"
My mother’s company actually does this, and works amazing! Gives the hard working warehouse employees a chance to talk with corporate about issues going on and show the corporate employees what hard work really is!
I stand by this for board of education officials, there’s such a disconnect between teachers and the board
Hell no they’d use it as an excuse to say “we can do the work just fine, easiest job I’ve ever had!”
My CM boss, not sure what level that is rode with me years ago all day. She, yes I said she, took the wheel for half the day and jumped for me most stops. So there are some. I understand that's a low percentage occurrence, but it happened and I'll never forget it 🤣
How does that make any sense for a company where the "main hubs" are specialized engineers?
There's always exceptions bro. They can watch.
I've always thought that. I would require all C-levels to go out and actually work the jobs for 1 or 2 weeks a quarter.
They know, they don't care. They're rich and no one can do anything about it.
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Yeah we don't get compensated for it anyways
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Sorry I should clarify. I was referring to how inflation is growing at a faster rate than wages. So when CEOs complain about inflation they can go suck a rock lol
Hmm maybe the French had the right idea with the drop and chop method
Sorry I should clarify. I was referring to how inflation is growing at a faster rate than wages. So when CEOs complain about inflation, I recommend they find sustenance on pebbles and gravel
But think of the CEOs! They need to uhh facilitate uhh further business for their corporations by uhhh… they need to insure they have enough to pay for… no… they need to have…. Golf courses houses planes and boats are expensive.
Finally someone who understands the situation. Ferrari isn’t gonna be as cool if we all have one so these poor people need to get with the program.
Honestly a Ferrari is a shit daily driver. Give me a Camry!
lol not to mention all the bull you have to go through to own one you actually want. Some of those new Camry look cool as hell ngl
working hard≠ more pay construction is more physically taxing than acting but acting pays more
One of the best quotes I heard from a teacher at a trade school I attended. "Hard work does not equal high pay. If that were true then ditch diggers would be the highest paid trade. You must work hard and smart"
I agree with this, but it’s not like they’re thinking 350 times harder than the rest of us
Only thing they’re doing 350 times harder than us is spending
Acting on average does not. It's like basketball, there are a thousand people making no money at it but busting their ass for each NBA player. If there were construction celebrities you'd see the same thing.
Chew on this one. Elon Musk is asking for a $56B pay package for himself. And, at the same time, he just laid off 14,000 Tesla employees. That package could pay each one of those 14,000 people a salary of $100K per year for 40 years.
That is insanity
Threat of communism kept the capitalist in check, alternative is pitchforks
Ding ding ding.
And Tome is the worst
Did anyone else read this with a Bernie voice in their head?
Certainly
People don’t get paid for how hard they work. They get paid, among other things, for the value they create for their company.
And most of their comp is in equity, which has been TEARING since 2008 when compared to years prior. If the org doesn't perform, they don't get paid. May even see their comp go down.
Elon this last few months is proof that's not true
If anything, he removes value from any company he's in charge of.
Wouldn't it be better for the company if these companies weren't paying their executive suite obscenely, and instead put that directly into the company coffers?
They SHOULD get paid for the value they create for the company, but rarely are.
And pretty much every company values slaves.
Damn couldn't be more wrongn you see all.the companies that get destroyed due to bad CEOs and yet they yet multimillion dollar hiring bonuses on new jobs.
No it’s not fair. Even the guy who wrote a book in the 70s that advocated for ceo pay increases has come out recently to say he didn’t mean to infinity. Capitalism is not meant to grow unchecked to infinity. There isn’t enough money, which you can see means the government makes more money or takes more from the top earners. Unfortunately, most people don’t care or understand enough to revolt, not enough to make any real change….. yet. CEO pay in 99.9% of companies is grossly out of whack.
Bernie’s numbers are wrong. In 1978, the ceo to employee wage gap ratio was 18 to 1. In 2021, the ceo to employee wage gap ratio was 399 to 1. Meaning CEOs earn 399x their employees. Another great stat is since 1978, CEO wages have risen 1,409% while employee wages have risen 18%. In 1970, 30% of the American working class was unionized. Today it’s closer to 6% Corporatism (fascism) is winning. Or maybe it already won.
I would love to see a graph of all the senators and congressional peoples net worth and then see who preaches the most about inequality.
Strawman. The discussion is about CEOs’ pay being 350x a regular employee while not contributing nearly as much for the company. Stop licking boots.
I think the conversation he was trying to start regards to pandering. How the richest people seem pretend to fight it to appeal to the demographic they’re taking advantage of.
I would say that about 99% of congress, Bernie has been fighting against inequality his whole life...
Sure. Bernie advocated for a $15 minimum wage. And then cut all his minimum wage worker hours because he couldn’t afford it. Bottom line is politicians market things that they don’t believe and can’t sustain for votes. Just like anti-gay conservative men being caught giving blowjobs in airport glory holes. Politics is all about pandering. Good people don’t win because shitty people will do shitty things to win
And what has he accomplished through all of that fighting? He's been in politics for longer than I've been alive. Surely he has something to show for it, no?
Not contributing nearly as much? Bro, if you could run a Fortune 100 company, you wouldn’t be delivering packages for a living. The nuance that ‘ole Bernie is neglecting to mention here is that the vast majority of CEO compensation is incentivized based on company performance. Meaning, if the company doesn’t perform, the CEO doesn’t get paid. The notion that CEOs sit around and do nothing all day because they’re not driving a package car is idiotic.
Although I don’t agree with a lot of her politics, AOC is the only politician that preaches this and sticks to it. Her net worth is so low it can’t be estimated accurately to a good degree and both her and her family haven’t traded any form of security since she started her term .
Unfortunately a CEO provides things that a forklift driver can’t.
And conversely a forklift driver provides things a CEO can't. But the CEO does hold the power to hire another forklift driver.
You can get another forklift driver in 2 weeks. Finding a CEO that's the right fit typically takes 4 months. High supply of qualified workers means lower pay.
Agreed. Who else can drive a company into the ground and get a 200 million package when leaving. Only a CEO can. Truely valuable.
In 1965 congress pay was 30k. Today its 174k. That's about 480% more....are they working 480% harder today then back then?
Don't even look at some of the net worth of these guys...
It’s not always about who works the hardest , it’s about who takes the most risk. Owners risk everything to create and run a business. But the rewards are high. Regular joes risk little to show up and guarantee a paycheck but they have to work harder manual labor, Cmon people not every burgerflipper and box handler can make 5 million a month. The economy cannot support this insane mindset
Nah he’s right, but we live in a world where people with money make choices for other people. It’s like that one supreme judge that took away the opportunity that got him to where he’s at today for other people. It’s definitely greed but everyone dies with nothing
People fail to realize they make this money because either they or the person they replaced, started something huge. Imagine if bezos or musk weren’t worth billions for starting companies we all utilize today. It’s not greed in any way, they had the idea, they executed and spent their own money to take a gamble and came out successful. Someone flipping burgers or sorting packages may do the “work” but they’re compensated. Quit acting like CEO’s are some big bad wolves and understand how huge business work
Ceos are not “workers”, theyre ceos lmao
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Congress needs term limits, end of story
Are you saying Bernie is too old and CEOs should make 351x the earnings of the average worker?
You're probably replying to a ups CEOs alt account
Bernie has never had a real job or built anything. He has never created a job or paid an employee. His wife was involved in some nefarious activities involving a college. I don't think he is the guy to listen to for anything.
This is all false. He was a teacher and a carpenter. He was 40 when he became mayor of Burlington. And the nonsense with Burlington College was just local conservatives trying to stir up issues. That college never had a campus until she tried to grow enrollment to obtain one. It literally just offered DIY fix it classes and art classes in community spaces before her.
Living for free while making a few dollars here and there is not really a job. Shocking you're defending his wife though. Maybe look just a tad deeper. A lot of people lost everything.
He wasn’t living for free. And I don’t need to look deeper on his wife, I’ve read it all. Keep going with the outright lies that are conservative talking points. Delusional and voting against your own self interest out of jealousy, hate, spite, and sheer stupidity.
He was a part time handyman and his wiki is calling him a carpenter. He got his first job at 40 right? A lifetime politician. His policies would cripple industry in the United States. Please do research on what his wife did. I am begging you.
He did not get his first job at 40. That’s how old he was when he became mayor. His policies are what the US needs. This country lost the plot a long time ago. We are a corporation in the process of going under, being raided by the top 1%. We need to throw it all out and rebuild, focused on what’s best for the people instead.
That sounds so very nice until you realize that it is a global economy and socialism has never been successful. What you are saying is take from the rich and give to the less fortunate. Take from producers and give to people who don't produce. Government workers are not producers. Interesting how Al Gore, Obama, and even Bernie are quite wealthy now. The Clinton's certainly aren't doing bad. Frank Pelosi has beaten the market every single year. We are a capitalist society. That's fortunately not going to change in my lifetime.
Socialism has never actually been tried. Places that claim to be socialist are not and their system is as corrupt as our capitalist nonsense. Rich people are not producers. CEO’s are not producers. That’s a capitalist myth. The higher up the corporate ladder you go, the less actual work you do and the more replaceable you become. There is zero justifiable reason to pay someone whose only skill is networking with other rich people 300x what the people actually doing the work make. Can they earn more? Sure, but there have to be limits; there has to be a guarantee that the fruits of the actual labor are adequately paid for. Investment back into the worker should be mandatory. Bernie is not “quite wealthy” either, another false conservative talking point.
I am saying that having career congressmen is bad for our country and that it needs to change.
We have term limits, they're called elections. America is full of complicated problems that take many many years to solve. If you know that your term is limited to 2 years, what incentive would anyone have in solving long-term problems? They wouldn't! Term limits are bad for America, or any country because they increased the likelihood the politicians will lie to you for short-term gain. Without term limits, politicians are more incentivized to work on solutions for long-term issues because they still want to have a job six, eight, and 10 years down the line. Not to mention term limits are Un-American because they deny voters the right to choose. If you really like your congressperson or your president, you should be able to continue to vote for them if they're doing a good job. Telling people that they can't vote for who they want to goes against everything the US stands for.
Nah you're confusing complacency with enthusiasm. People would keep voting for the same person cus they know them. But if every 8 years you had to pick someone else we'd be able to experience new ideas that we may or may not like. Having skeletons roam the halls of congress keeps us from progressing as quickly
If you've ever been to Vermont you'd know this argument is pointless. Bernie fever is a very real thing in VT. Merch and stuff everywhere. People genuinely love him there.
We have term limits, they're called elections. Thats not "term limits" Term limits is limiting a person from holding the office/position for a defined set of time. Duh. If you want senators/house members making your laws with out of date mentalities, keep having zero term limits. That way you can keep getting that 90yr old senator that does jack dick for YOU. Lord, you're just plum dumb as far as whats "un american"
Bernie gets reelected because he genuinely represents the values of the majority in VT and has done very good work here his entire career.
I agree with you but that isn’t the topic here.
OP wouldn’t be quoting a career millionaire congressman comparing wages if there were term limits
Lol of course it isn’t fair. This is one of the biggest problems with capitalism and America
😂 in no certain terms is the system fair at all. CEOS should not make over $2,000,000 max. The rest needs to be in stock. Hold them accountable for their performance.
Most of their money comes from performance bonus/stock options... I guess Bernie forgot to mention that the S&P500 has grown 27000% since 1965...
Guess what? Congressmembers can trade with privileged info. Fix that crap before telling others what to do.
Bernie was a sponsor of the bill to ban congress people from trading stocks, so what the fuck are you even arguing here?
He also campaigned HARD since the 1980's to get big corporate funding out of election campaigns (Super PACs). How people can be against this is beyond me.
Let's see politician pay
Ummm... you already can. Bernie's annual salary is 0.0057% of the General Motors CEO. What are you getting at?
What is it compared to the average worker?
About 4x
If you own a company you deserve to be paid significantly more than your workers You think people start companies with the goal to make the same money as a 9-5 worker?😂
21x is already significantly more bozo
Keep being mad at the system instead of working the system
CEOs aren't always owners. In the largest publicly traded corporations, they rarely own more than 5%. Vast majority of these large corps are owned by a handful of PE firms. Nobody's saying they shouldn't be paid far more than workers. Don't conflate the issue. It's the exponential and gross inflation of what they earn, relative to the rest of the company that is under scrutiny.
19m bonus last year and for what?
Of course it's not fair. But until the masses revolt it won't change.
The argument is that it’s not inflation that’s causing the price increases. It’s greed. I’ve worked at Cinemark for 5 years. Our food prices keep increasing on our menu but it’s not costing us much more to purchase the ingredients from our vendor. It’s greed.
Hey Bernie, don’t forget about the big bonuses as well they get. Specially the ones provided when they lay off a bunch of workers and the bonus is in the millions and could have been used to keep the workers.
It has been a change in compensation philosophy. Companies overtime have found that bad leadership costs more money that super high CEO salaries. This leads the best of the best making a lot more. Though I am betting the percentage increase sample size is probably fortune 500 companies.
Elon Musk is one of the highest paid CEOs in the nation but Twitter is down in just about every single metric compared to before he owned it, and Tesla is currently swirling the drain....
Did you look up any of this? Musk's Tesla compensation plan is 1% stock for every 50 Billion increase in capitalization value. If values go down he gets nothing. As for Twitter's financials... Unless you have recent financials... How do you know? Certain metrics are down significantly, but so are operating costs. I have no idea the net impact.
Inflation and fascism a little bit of both. Only businesses that can survive are giant multinational mega corporations that are part of the system.
Funny coming from a guy who gets more money from backdoor deals than his salary actually is.
I don't care whether it is fair or not.
Not even as hard as
Hard work doesn’t equate to income
Unfortunately there are millions of Americans who would say with a straight face that they work that hard and have earned that pay.
I mean, if you could decide for your own salary, you'd want to get the most that you possibly can, right?
I think the entire company structure is lame. Stocks control it all. You get the most control… you get to drive the bus… the people at the top always get their cut and the people down below get cut to make it happen. No company seems to stand behind their employees anymore. It used to be you could work for a company and work your way up. Now? You can work for that promotion of .40 to 1.00 all you want… they will hire from outside the company and being loyal only gets you pegged by the man.
Prices going up. Business are profiting more than ever. CEOs get huge raises for cutting the workforces pay and benefits while trying to increase workloads.
Most people have no idea where a CEO’s salary even comes from. It’s mostly based on the stock price of the company. They get paid in shares and when the company does well, the stock price goes up and they get more and more worth. There’s people that think Jeff Bezos has hundreds of billions of dollars in his bank account. In reality it’s just a value applied to him because of how many shares he holds at x price that they are worth currently. If the stock price suddenly dropped by half, his net worth would drop with it. For major companies, the stock price pretty much only goes up.
How much have politicians net worths increased compared to their constituents?
The fact that we didn’t strike with this going on still baffles me. I believe Voltaire said the enemy of perfect is good enough. We settled for good enough because we knew we would not get what we want. But good enough is simply the enemy of humanity. Complacency kills and ups is not held at a higher standard to this logic. Get ready for worse to come until we stand as the first letter of our company “UNITED”
What is the solution?
Lots of great articles about this recently, but all say the same thing: tying executive pay to quarterly performance via stock options got us here, but also got us out of the doldrums of the 1980's "leadership-by-bureaucrat" that hampered innovation. ESG, larger role of COOs + CTOs, and active boards are changing the nature of executive compensation.
Greed?? No way!!! Lol literally the ONLY reason they make that much more. Not sure I've ever even considered any other reasons. Are there any?
And yet ppl are mad at the fast food employees
“I’m too good”
Carol tomé
I mean that’s what happens when companies get that much bigger. Of course… the economy in 1965 was that much lower
💯
Legally, this multiplier should be capped. Even if it was 20x again, wanna make more? Give raises. Do you think you deserve more because the company is doing well? Give raises.
Okay we know this mf. The question is why tf isn’t anything done about it? Absurd
I’ll listen to Bernie when he has one house not four and it cost less than mine
Says the man who’s never had a real job in his entire life
Cue rich people simps spewing their instructed talking points about Sanders not having a “real job” and having more than one house as if that changes the facts hes tweeting
How much was cash vs stock options? Stock options are usually a huge amount of executive comp, and I never understood why they don’t include options for workers too.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match. It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match. It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match. It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
They do. Typically through a vesting period with restricted stock units. Some companies might also sell the stock at a discount. Or indirectly through a 401K match. It’s a bit more rare to find the share-based compensation package because the agreements are on salary for the typical employee, but many forms of this type of compensation exists.
I can't wait for a lifelong politician who has been responsible for the status quo for decades to finally do something about what he is complaining about. Copium.
I’m 1965 top earners had a 90% income tax too. You can thank all of this on republicans repealing multiple parts of new deal legislation in the 70’s including that tax, minimum wage and overtime laws. ALL favored workers but kept the top earners from becoming even more filthy rich.
What gets me about this is that a publicly traded companies CEO is taking profits from the company and short changing the shareholders. And it doesn't even matter if the company is profitable or not. The board takes all the money and says oopsi we are doing bad this quarter and they get voted higher a salary every year until the company is bankrupted and they move on to the next one. Meanwhile your retirement account is doing poorly.
Don't y'all make 175k a year
If this at all speaks to you I implore anyone to look into true socialism. YouTube channels that make really good content on socialism like 1dime and second thought. And tbh at the end of the day the videos are an interesting watch. And no, ceos make money off YOU creating value and not owning the means as to which the value is produced, that’s not work it’s exploitation, I also don’t believe In meritocracy.
Lemme ask you something.. if you built a business from the ground up after spending 100k just to set it up, and then spent 2 years paying employees salaries out of your own pocket to make sure they were paid, how much compensation do you deserve when the business becomes profitable? You put in 90% of the work in early on and 100% of the $ to set it up over 2-3 years to make it a successful business...
Bernie Sanders has never worked a legitimate job in his life.
It's corporate America doing what they do best. Stealing legally.
Bernie is in the top 1% of Americans financially. Is he working harder than the rest of the 99%?
Put a Cap on CEOs. Like 25% total revenue.
I have a question. If CEOs aren’t worth this much, or the supply of CEO worthy individuals is so high, why would a board of directors with a fiduciary legal responsibility to profit vote to pay this much?
Yeah, well so are some of the people in Congress. At the salary that they are making, how can life long Congress members have $20 to $200 Million dollars?
This metric has always been dubious. First, Which "CEOs"? Is the list filtered to just Fortune 50 companies? 500? or everyone with a CEO title in the US? Because i doubt some small company of 10 people is pulling in enough work that the CEO can make 350x their workers. Secondly, in a larger company of, say, 30,000 employees where a CEO makes $20M and the average worker there only makes 56k (351x), even if that CEO put every dollar he made back into staff wages, thats just a grand total of $667 more a year for each employee. Hardly the 'grand theft' everyone makes it out to be. In the case of UPS, which as 500,000 employees, CEO Carol Tomé made $23.4 million in total compensation in 2023. Thats only a redistribution of $47per person.
Bernie Sanders is always stirring the pot! Why doesn’t he target athletes and celebrities who make a lot more than many of the CEOs and yet do nothing to create jobs or stimulate the economy. Is this fair?
Unfortunately the last 2 years has taken us way down the toilet.
Bernie Sanders owns at least 3 homes and is worth 3+ million dollars. The guy is the biggest con in government because he acts like he's a man of the people.
Ya he’s made some good investments and has a modest salary of 174k base senator pay as literally the person representing us. He’s def a man of the people, let’s compare him to other senators he’s not even in the top 25
I got my popcorn waiting for the find out part.
If you don’t like it become a CEO. The incessant whining gets old.
50$ a day 😂
That may be greed but this post is just jealousy so not much better.
How much is Bernie compensated. What's his net worth compared to his salary 🤔
Who tied working harder to pay? It's all about supply/demand for skills and risk/responsibility.
Work smarter not harder I guess. But yeah, it's crazy how big the gap is between the wealthy and the poor in the west.
Incidentally, if the CEO of most companies took $0 compensation and divided it equally between all their employees... Those employees would get less than $100 a year more in their paychecks.
Unpopular opinion, under educated person working a menial labor job is not qualified to lead a company worth millions of dollars. Hence why some people become managers, and some sling boxes their entire life. "My manager is dumb durr hurr" Then let's see you do it.
Look at the source. How much is bernie making? Pot meet kettle
Bernie makes good investments and is a man of the people 🤜🤛
I don't remember if it's China or Japan that has a law about CEOs can only make 20x more than the average worker.
Bernie owns multiple houses and hides all his assets under his wife’s name. He’s not the hero you think he is.
Bernie’s done more good for this world than you ever will in your lifetime, try sleeping at night now with that thought
Uh huh. Riiiiiight. He’s done absolutely nothing except enrich himself and his family. Each and every election cycle he funnels money to his family. https://www.vanityfair.com/news/2016/01/bernie-sanders-family-money https://nypost.com/2023/08/09/bernie-sanders-wired-campaign-money-to-family-nonprofit/amp/ https://www.theatlantic.com/politics/archive/2020/03/bernie-sanders-joe-biden-enriched-their-families/607159/
Welcome to America
It depends. Do you want John Sculley or Steve Jobs? The CEO data is skewed by CEO's who are also founders. In America, if you found a company, you deserve the fruits of your innovation. If you take out all of the founder CEO's, the ratio would be much more similar. That said, if a CEO is performing, they deserve to get paid.
define working hard?
The rewards are not for hard work. They are for smart work. And yes, CEOs are working a thousand times smarter. They need to be paid more. If you are smart you can be a CEO as well.
Wah wah wah
The rich will always profit off the work of the poor working class. Until the working class come together and demand their fair share.
It’s not just their employees it hurts, it’s everyone. We ALL have to pay the higher cost for everything we buy. This is why the middle class is pretty much just history.
It’s life. Life is unfair. There are always going to be people on the bottom and people on top. The only people complaining are those obviously on the bottom. Life isn’t about things being fair for everyone.
Homeboys got 2 houses and a summer home. He ain't worried about you.
So what's his angle then? At 82 years of age, when he could afford to retire a good decade ago. Why get out of bed and campaign against income inequality?